The Creative Business Cup (CBC) is the world championship for creative entrepreneurs, which runs in a number of different countries. One winner from each country goes on to compete in the International Creative Business Cup Finals and pitch in front of 400 investors from the European Business Angel Network that will attend the event this year on November 17th-19th, 2015, in Copenhagen, Denmark. The top local finalists that won’t make it to the International Final will get the chance to compete in the National Finals in Athens, Greece on October 3, 2015 during The Pitching Battle.
The Creative Business Cup Innovation Challenges present new opportunities for startups to become involved in CBC, pitch for investors and win a trip to the CBC International Finals in November – also for the startups that are not national winners! CBC Innovation Challenge is a new initiative that aims to strengthen and support innovation in specific areas and to invite the startups that come up with great solutions to these challenges to Copenhagen at CBC this year.
What is CBC Innovation Challenge?
In 2015 there are six CBC Innovation Challenges. Startups that belong to one or more of these categories are welcome to participate in the CBC Innovation Challenge. Each challenge will have a set of screeners and jury that will determine which startups will be invited to attend the international finals in Copenhagen. During the finals, each of the Innovation Challenge will have its own sessions with seminars, workshops, pitching and it will be attended by investors within the respective areas.
Who can participate in the CBC Innovation Challenge?
All CBC participants on the national level that applied for CBC by August 15th and belong to one or more of the Innovation Challenge areas. This means that although some startups will not be national winners, they have possibilities to be chosen to attend and pitch at a CBC Innovation Challenge during the CBC International Final in Copenhagen.
How can you participate in the CBC Innovation Challenge?
To participate in the CBC Innovation Challenge, please submit your CBC application as usual (can be found under Applications at the top of this page) and in addition you have to submit a secondary application here.
The CBC Innovation Challenges are:
- Food Innovation
“The Food Innovation Challenge is a challenge of minds, not a competition among products. A next surprisingly innovative idea that will make our world a better place to eat – rather than the next flavor in yoghurts – surprise us!”
Physical and holistic health and wellbeing from creative concepts related to medical industries to active living such. All concepts related to the active body and mind.
- Smart Sustainable Living
Concepts and physical structures that define the surroundings of the daily lives of people from city planning, housing to materials and even events and venues that make places come to life.
- Play & Learn
Children and adults having a playful connection to the world. From gaming and toys to joyful interactions in working environments or leisure.
Growing cultural phenomena with style, fashion, aesthetics, and community. Your product is transforming the consumers, relations between them in niche or mass market concepts. You are a true master of emotions.
- ACE Creative– European ICT creatives
New software, user interfaces and ICT related services and entertainment such as gaming, social media and Art & Tech concepts. (Eligible for EU Countries only).
Entering into the Competition
Any entrepreneur from the creative industries with a good business idea and a registered company is eligible to compete in CBC as long as they uphold the rules and criteria described in this section. The prerequisites for participating in CBC are:
- The core asset of the business must be based on creative competencies: Aesthetics, design, senses, interaction, art, visuals, gaming, media, performance and musicality in a broader sense or other creative competencies must be one of the central components of their success.
- The startup must be commercial. Their concepts must have market potential.
- The amount of external capital invested in the participating company may not exceed 500.000 USD and the creative entrepreneur must own the rights to the idea with which he or she is entering the competition.
CBC encourages entrepreneurs from the following sectors to participate:
- Arts and antique markets
- Film, video and photography
- Leisure activities
- Radio & Television
- Computer games and electronic publishing
- Toys and Games
- Visual and performing arts
There are no specific requirements for the participating company in relation to age, turnover or number of employees. However, CBC is for startups which may be defined in accordance to the local context. Participants in CBC can be:
- entrepreneurs utilizing creative skills in the production of a creative industries product / service
- entrepreneurs utilizing creative skills in the development of a product or service for / in collaboration with other industries
CBC is a competition amongst business concepts from the creative industries. Submitted business concepts must be written in English and may not exceed 10 pages. Every business concept should address the majority of the following topics:
- Physical and organizational base for business
- Description of product/service
- Value propositions
- Sales channels
- Market and customers
- Expected revenue streams
- Key activities and cost structure
- Key resources and partners
- Competitive situation
- Organization and management team
- Analysis of risks
- Financial needs and plans
- If relevant: Exit strategy
*For more information, download the business concept template from the relevant tab on the top of this page.
28.06.2015 Opening application period for startups
15.08.2015 Deadline for applications for the CBC Innovation Challenge
26.08.2015 Deadline application period for startups in Greece and Cyprus
02.10.2015 Bootcamp for Finalists
03.10.2015 National Finals during The Pitching Battle
Ample media attention will be awarded to the national startup winner. Additional resources to help increase clientelle basis of the winning startup will be announced soon! Stay tuned!